Borr Drilling Ltd. is pleased to announce that it has reached agreements in principle with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025. This is a major step forward in the Company's previously announced target to address its debt maturities and commitments currently due in 2023. In return for these concessions, the [...]
Borr Drilling Ltd. is pleased to announce it has secured a contract for the premium jack-up drilling rig "Norve" with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration of 240 days plus options. Additionally, the Company has secured a binding Letter of Award for the [...]
Borr Drilling Ltd. refers to the announcement issued June 29, 2021 regarding the notice from the New York Stock Exchange that the Company was not in compliance with the NYSE continued listing standard as the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. Today, the Company announces that its Board of Directors has approved a 2-to-1 reverse share [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s third quarter 2021 results to be held on the webcast/conference call at 14:00 CET on November 5, 2021. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link: www.incommuk.com/customers/online with access code: 286812 b) Conference Call Dial in details, Participants: Conference ID: 286812 Norway, Oslo [...]
Borr Drilling Ltd. announces preliminary unaudited results for the three and nine months ended September 30, 2021. Highlights third quarter of 2021 Total operating revenues of $73.0 million, an increase of $18.2 million compared to the second quarter of 2021 Net loss of $32.6 million, an improvement of $27.3 million compared to the second quarter of 2021 Cash and cash equivalents at the end of the third quarter of 2021 [...]
Borr Drilling Ltd. will release its financial results for the third quarter 2021 on Friday, November 5, 2021. A conference call and webcast will be held at 14:00 CET . The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link [...]
Borr Drilling Ltd. is pleased to announce it has secured a Letter of Award for the premium jack-up drilling rig "Mist" from an undisclosed operator in Southeast Asia. The program is expected to commence in November 2021 with a duration of seven months plus options. The net start-up cash cost for the rig is expected to be $1.75 million. This LOA, which is expected to be converted into a contract shortly, will increase the [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s second quarter 2021 results to be held on the webcast/conference call at 15:00 CET on August 31, 2021. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link: www.incommuk.com/customers/online with access code: 481367 b) Conference Call Dial in details, Participants: Conference ID: 481367 Norway, Oslo [...]
Borr Drilling Ltd. announces preliminary unaudited results for the three and six months ended June 30, 2021. Highlights second quarter of 2021 Total operating revenues of $54.8 million, an increase of 13% compared to the first quarter of 2021 Net loss of $59.9 million, an increase of $5.5 million compared the first quarter of 2021, impacted by a $21.7 million decrease in income from equity method investments, mainly [...]
The board of directors of Borr Drilling Ltd. has resolved to grant 10,300,000 share options under the Company's approved share option scheme to 23 of its employees, including two persons discharging managerial responsibilities as defined by the Market Abuse Regulation. Each share option gives the right to subscribe for one share in the Company. The options will have a strike price of $1.00 which compares to a current [...]
Borr Drilling Ltd. is pleased to announce it has secured a Letter of Award for the premium jack-up drilling rig "Gunnlod" from an undisclosed operator in Malaysia. The program is expected to commence in Q4 2021 in direct continuation of the rig's current contract with an approximate duration of 105 days. This LOA, which is expected to be converted into a contract shortly, will maintain the rig contracted over the monsoon [...]
Borr Drilling Ltd. is pleased to announce that it has received a Letter of Award from an international oil company for additional work in Mexico. The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million. Forward looking statements: This press release includes forward looking statements, which do not reflect historical facts and may be [...]
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